I'm new to options trading and have been searching for information on how to trade options. I'm hoping I can get an answer here from someone more experienced than I. I expect that XYZ stock will decline in the next month. How do I use option trading to cash in on this opportunity? Below are my order options. =============== Order Type: Buy to Open Sell to Close Sell to Open Buy to Close Type: Call Put Price Type: Market Limit Strike: Price: Covered or Uncovered ================ If XYZ is currently trading at $25/share, and I believe it will hit $5 ... what orders do I need to place here? Thanks!